Pathfinder Ventu Stock Price, News & Analysis

Pathfinder Ventures Inc. (RVRVF) announced strong third-quarter results for the period ending September 30, 2022, with revenues soaring by 19% to $1,402,325. EBITDA increased by 7% to $374,545, while net loss from operations decreased by 30% to -$121,136. Occupancy rates improved by 17%, reaching 71%. Despite increased operating expenses related to new acquisitions and other costs, the company reported a year-to-date cash inflow of $317,512, signaling a positive trend in operational cash flow.

Pathfinder Ventures Inc. (RVRVF) reported a 47% booked occupancy rate for Q4 2022 and Q1 2023, aiming for 50%. This represents a 9% year-over-year increase for its Pathfinder Camp Resorts. The strong occupancy results stem from its successful Winter Stay Program, with 96% of sites reserved. The Fort Langley location is nearing full capacity at 98%, while Agassiz shows a 34% year-over-year growth. The company anticipates releasing Q3 financial results on November 28th.

Pathfinder Ventures Inc. (TSXV: RV, OTCQB: RVRVF) reported a record 73% occupancy during the Thanksgiving weekend, marking an 18% increase from last year. Camp Resorts in Fort Langley and Agassiz-Harrison achieved high occupancy rates of 93% and 81% respectively. CEO Joe Bleackley noted a growing demand for outdoor recreation, with early and extended camping seasons. The company is also witnessing increased interest in its winter camping program, appealing to full-time RV users amidst rising housing costs and inflation.

Pathfinder Ventures Inc. (RVRVF) has announced a successful close to its Q3 season, achieving a 71% occupancy rate from July 1 to September 30, representing a 17% year-over-year increase from 54%. Key contributors to this growth include a 36% increase in Agassiz-Harrison and a 40% increase in Parksville locations. The company plans to release its Q3 financial results on November 28.

Pathfinder continues to enhance guest experiences with new programs and anticipates growth in shoulder and winter occupancy.

Pathfinder Ventures Inc. (RVRVF), announced a significant growth in its financial performance for Q2 2022, achieving revenues of $916,938—an 81% increase from $507,891 in Q2 2021. Despite facing lower April occupancy rates due to severe winter conditions, the company saw occupancy surge at its Agassiz location. EBITDA improved to $54,395 from a loss of $398,367. However, operating expenses rose to $1,251,658, leading to a net loss from operations of $401,086. Pathfinder is focused on expanding its network of upscale RV parks, with ongoing developments in Agassiz.

Pathfinder Ventures (RVRVF) announces a robust outlook for the RV and camping market, with bookings increasing by 36.3% compared to last year, totaling 16,149 site nights booked from June 20 to September 4, 2022. Despite inflation and rising fuel costs, non-local customers are still drawn to the company’s offerings, as more locals choose nearby resorts. New hard-roofed accommodations and RV rentals have been introduced at Fort Langley and Parksville, meeting strong initial demand. Pathfinder is also targeting partnerships to attract European tourists.

Pathfinder Ventures Inc. (RVRVF) announced its Q1 2022 financial results, reporting revenues of $459,078, up from $313,735 in Q1 2021. Operating expenses increased to $1,178,862 from $746,497, leading to a net loss of $748,258 compared to $435,502 in the previous year. Cash and cash equivalents stood at $2,068,772. The company aims to expand operations and enhance guest experiences at its British Columbia campgrounds.

Pathfinder Ventures Inc. (OTCQB: RVRVF) announced 100% occupancy at its three British Columbia campgrounds during the Victoria Day long weekend (May 20-23, 2022). This marks the first full operational weekend for all parks, indicating a robust start to the summer season. The company operates 324 bookable sites, and the demand remains strong, despite Canadians having the option to travel across the U.S. border. This performance reflects Pathfinder's commitment to quality service and solidifies its reputation in the outdoor hospitality market.

Pathfinder Ventures Inc. (TSXV: RV, OTCQB: RVRVF) announced its audited financial results for fiscal 2021, reporting $2,462,427 in revenue, up from $108,936 in 2020 due to the acquisition of three camp resorts. The company posted an adjusted EBITDA loss of $323,212 and a net loss of $3,369,887, considerably higher than $667,633 in 2020. Cash and cash equivalents improved to $2,092,893. Notable challenges included extreme weather impacting operations. Subsequently, the company terminated a Letter of Intent with Black Sheep Income Corp. but plans to pursue other attractive acquisitions.